Man sentenced in stolen meds scheme
Posted November 12, 2008
Wilmington, N.C. — A Pennsylvania man was sentenced to prison Wednesday for heading a ring that stole medications and other goods in the Triangle and resold them in Pennsylvania and over the Internet.
Joseph Charles Falco, 35, of Collegeville, Pa., was sentenced to five years in prison and three years on supervised release. He also was fined $150,000.
Falco was convicted in June of conspiracy to transport goods in interstate commerce.
From November 2006 to June 2007, members of his organization stole more than $1 million in over-the-counter medications and health and beauty products from stores in Durham, Franklin and Wake counties, authorities said. The ring would remove all stickers and security sensors from the packaging and resell the stolen merchandise, laundering the money through a business, authorities said.
Falco used rental vehicles to travel to North Carolina and transport the stolen products to Pennsylvania. He also sold some of the stolen merchandise through his Internet store, Joe’s World of Health, authorities said.